Showing posts with label AUDCHF. Show all posts
Showing posts with label AUDCHF. Show all posts

8 Nov 2024

6 Nov 2024 (Trade Example): AUDCHF

 AUDCHF long trade on 6/11/24

- Trade based on counter trend or reversal using H4 timeframe.


- Entry time around 4:00pm (London session).


- Trade setting up while some results of US presidential election 2024 came out.

- This based solely on technical chart, I didn't have immediate strength meter recorded.

26 Jun 2024

26 June 2024 (Trade Example): AUDCHF

 AUDCHF long trade on 26/6/24

- AUDCHF long trade based on H4 time frame. This trade should classified as grade A trade and can be a swing trade plan.


- Entry time @ 9:00am
- Price was increased after news released related to AUD (CPI y/y) at 9:30am.


- Update as at 7/7/24









18 Jul 2023

17 July 2023 (Trade Example): AUDCHF


 AUDCHF short trade on 17/07/23



- Timing a trade using VSA methodology






12 Apr 2023

12 Apr 2023: AUDCHF

 AUDCHF long trade on 12/4/23

Pre-Analysis



Entry

- Entry time 2:00pm
- Risk 0.25%
- Exit plan, first TP @ 0.608 for approx. 1.64R


Post Analysis

- Loss with full risk
- Will ignore this discretion trade and confirmation indicator of SOS 133: strength coming in.
- Focus only on indicators test, no supply and shakeout for a long trade.


- Price after I got stop out.









2 Apr 2023

31 Mar 2023 (Trade Example): AUDCHF

 AUDCHF short trade on 31/3/23


- Entry time 2:15pm
- Max profit 3.48R






12 Jan 2023

11 Jan 2023 (Trade Example): AUDCHF

 AUDCHF long trade on 11/1/23



VSA chart: -



- Time of entry 8:30pm
- Max profits 3.83R








18 Dec 2022

14 Dec 2022 (Trade Example): AUDCHF

 AUDCHF short trade on 14/12/22

- VSA chart shows sign of weakness (SOW) in 15 minutes timeframe


- Entry: -


- Entry time 9:45pm (14/12/22)
- Max profits 6.09R (closing at 16/12/22) need to hold for 2 days.









11 Dec 2022

9 Dec 2022 (Trade Example): AUDCHF

 AUDCHF short trade on 9/2/22

- AUDCHF was on downtrend. SOW appeared on lower timeframe M15.


- Trade:-


Trade #1
- Time of entry 10:00am
- Risk 0.25%
- Trade class: C (SOW with confirmation, but trend alignment still in uptrend)
- Max profits 4.49R (M15)

Trade #2
- Time of entry 1:30pm
- Risk 0.5%
- Trade class: B (SOW with confirmation, price broke trigger bar, trend alignment to the downside)
- Max profits 2.86R (M15)








17 Apr 2022

15 Apr 2022: AUDCHF

 AUDCHF long trade on 15/4/22

Pre-Analysis:-


- Trend shows this pair was in uptrend.
- Correlation however not in the group of the strongest nor the weakest currency. Hence I decided to reduce the risk to only 0.5% of account balance.
- I decided to still took the trade as I am lack of decent trade along this week.



Entry:-


Post Analysis:-

- I closed the trade with loss.
- This trading day in public holiday (Good Friday), banks mainly closed business therefore liquidity was very low, no active activity in the market.
- Spread also widen a little bit compare to normal business day.
- Lesson, never trade if public holiday impact the amount of activity in the market, market will not move on the absent of big banks.














7 Apr 2022

4 Apr 2022 (Trade Example): AUDCHF

 AUDCHF long trade on 4/4/22

- Trade based on trend alignment to the upside for daily, 4 hour and hourly timeframe. This trade supported by correlation as AUD was the strongest currency compared to other major currencies.


- Trade went smoothly to the upside, also supported by major news release of AUD interest rate decision.


17 Mar 2022

14 Mar 2022 (Trade Example): AUDCHF

 Short trade AUDCHF on 14/3/22

- Trade base on reversal. 









11 Mar 2022

10 Mac 2022: AUDCHF

 AUDCHF short trade on 10/3/22

Pre-Analysis:-

- Trend alignment to the upside on daily & 4 hour timeframe. This trade I use hourly timeframe for entry.


Entry:-


Post Analysis:-


- Trade closed with loss
- This mistake that I should not make, the SOS test was not in uptrend system.
- I closed the trade as price came down rapidly toward my stop.
- The next test with system turn uptrend was a place to take long trade and it gave profit as shown on the chart above.
- I could not take a second trade as the loss before make my confident down. As a result I loss the opportunity to regain the loss trade before.
- Please follow all the trading rules. 
- DO NOT BREAK TRADING RULES!!







30 Aug 2021

27 August 2021 (sample trade): AUDCHF (long)

 This is sample trade that can be taken on 27 August 2021, AUDCHF long trade.

Pre-Analysis:-

Strength Number:- AUDCHF (+7 / -3) AUD stronger than CHF, but I think AUD is not the strongest is compare to CHF.

Fundamental:- AUD news event was negative, retail sales (mom) (Jul) (-2.7% / -2.3% / -1.8%). While for CHF there is no news event.



Trading Plan:-

Trade Classification:- C trade

(although AUD is stronger than CHF but it is not the strongest & fundamental has conflict for this long trade. therefore I class this trade as C)



- AUDCHF broke Asia session & I should wait for pullback, read the pullback carefully & time my entry at the very logical point. 
- There was quite a long range (meaning that no activity).
- Then there is small range forming.
- That small range was broken to downside (this will activate sellers).
- But the price jump back up immediately (a probe), this can be an entry point.
- As this is C class trade, therefore plan for exit at 1R profit.

Post Analysis:-


- The 1R profit reach easily.
- Max profit around 1.65R.
- I purposely choose this trade as an example because, it happen in front of me while I am observing the AUD group of currencies.
- I need to always remember this, if you are going to buy you need sellers and vice versa. 
- I not trade this set-up simply because previous day actual trade was bad I lost more than $100 and this put me into state of fear (fear of losing). 
- Need more control on emotion/psychology.